Summary

Rental income of £400,000 per annum, reflecting £3.38 per sq ft overall

Next rent review on 17th March 2019

10.61 acre plot

Low site coverage of 16.5%

Potential future development plot of 4.37 acres, subject to planning

We are instructed to seek unconditional offers in excess of £4,416,000 subject to contract and exclusive of VAT. A purchase at this level would reflect a net initial yield of 8.50% assuming purchaser’s costs of 6.56%, reflecting a low capital value per sq ft of £37.37 including mezzanine and £49.03 excluding mezzanine